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Indo-Pakistan cotton trade
January 20: Despite the Indian government's ban on cotton imports from Pakistan in the wake of the Kargil conflict, the trade continues via Dubai and Singapore, a Pakistani newspaper has said. The private sectors of both countries seem keen on keeping their commitments, `Dawn' said.Sales figures released by the Pakistani Export Promotion Bureau (EPB) disclosed that contracts for 26,519 bales were registered with it on January 15 and 17, with the bulk of the consignment destined for India, the paper said. It said the incentive for the trade was that while New York cotton was quoted a little above 50 cents a pound, most of Pakistani cotton entered India at around 35 cents. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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